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Income Tax Act, 1962 (Act No. 58 of 1962)


Voluntary Disclosure Programme

10. Reporting



(1) The Commissioner must within 12 months after the expiry of the period prescribed under section 4(g), provide to the Auditor-General and to the Minister of Finance a summary of all voluntary disclosure agreements concluded in respect of applications received during the period.


(2) The summary must—
(a) not disclose the identity of the applicant concerned, and must be submitted at such time as may be agreed upon between the Commissioner and the Auditor-General or Minister of Finance, as the case may be; and
(b) contain details of the number of voluntary disclosure agreements, the amount of tax and interest assessed and the relief granted in terms of section 6(b) and (c), which must be reflected in respect of main classes of taxpayers or segments of the public.